GameStop, Koss Corp, Wayfair & extra

Check out some of the largest moving companies on the pre-market:

GameStop (GME) – GameStop remains on hold after Reddit’s shares rose further on Wednesday as well as other so-called “Reddit stocks” such as BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop was up 55.8% before entering the market, while AMC was up 12.9%, BlackBerry was up 4.3% and Koss was up 81.3%.

Best Buy (BBY) – The electronics retailer’s shares fell 5.3% in premarket trading after sales and sales of comparable stores missed Wall Street’s forecast for the holiday quarter as electronics demand eased due to pandemics. Best Buy’s quarterly earnings of $ 3.48 per share, however, beat estimates by 3 cents per share.

Moderna (MRNA) – The drugmaker’s shares rose 2.9% ahead of market entry as quarterly sales far exceeded estimates and Covid-19 vaccine sales were forecast to reach $ 18.4 billion this year. However, Moderna reported a quarterly loss of 69 cents per share, which was greater than the loss of 35 cents per share that analysts had expected.

Wayfair (W) – The furniture and homeware seller earned $ 1.24 per share in the most recent quarter, which is above the consensus estimate of 86 cents per share. Sales were slightly below Wall Street forecasts, as were orders and stocks fell 9% ahead of the IPO.

Norwegian Cruise Line (NCLH) – The cruise company’s shares rose 1.9% in the pre-market after quarterly sales were well above estimates despite the Covid-19 cruise shutdown. The last quarter’s loss of $ 2.33 per share was slightly higher than the consensus estimate of $ 2.17 per share.

Anheuser-Busch InBev (BUD) – Anheuser-Busch reported better than expected earnings and sales than expected in the fourth quarter. The company also forecast higher profits in 2021. However, the brewer said its profit margins would be impacted by higher raw material costs. Their shares fell 5.3% in premarket trading.

ViacomCBS (VIAC) – ViacomCBS was 2 cents above estimate with quarterly earnings of $ 1.04 per share. The revenue was largely in line with Wall Street forecasts. The company also said it has 30 million streaming subscribers ahead of the scheduled March 4th launch of the Paramount + service, which will replace the current CBS All Access service. Shares fell 2.8% before entering the market.

Teladoc Health (TDOC) – Teladoc was down 6.5% in premarket trading after reporting a 27 cents per share loss last quarter, 3 cents per share, which was wider than Wall Street expected. The video doctor’s visit provider revenues exceeded estimates.

Nvidia (NVDA) – Nvidia reported quarterly earnings of $ 3.10 per share, compared to a consensus estimate of $ 2.81 per share. The company best known for its gaming chips also had higher sales estimates. Nvidia was also forecasting strong sales for the current quarter, but shares fell 2.6% ahead of the IPO.

Fisker (FSR) – Fisker has signed a contract with contract manufacturer Foxconn Technology to assemble cars for the launch of electric vehicles. The agreement stipulates that the companies will jointly produce more than 250,000 vehicles annually. Shares fell 1% ahead of the IPO.

Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) works equally well in all age groups, according to an Israeli study. It provided 94% protection against developing coronavirus symptoms a week after the second dose of the vaccine and 92% effective in preventing serious illnesses.

Verizon (VZ) – Verizon was the highest bidder in a state auction of 5G radio waves, spending $ 45.5 billion while AT&T (T) was $ 23.4 billion and T-Mobile US (TMUS) 9, 3 billion dollars.

Pure Storage (PSTG) – Pure Storage was 4 cents per share above estimates, with quarterly earnings of 13 cents per share. The business storage systems provider also had sales that exceeded Wall Street forecasts. Pure Storage gave a mixed forecast, but it was the first time since the pandemic began. The shares gained 2.5% in the pre-market.

L Brands (LB) – L Brands made $ 3.30 per share last quarter, 12 cents per share above estimates. Victoria’s Secret parenting earnings fell short of forecast. L Brands, which also owns the Bath & Body Works chain, issued a strong earnings forecast for the current quarter. L Brands gained 2.7% in the pre-market.

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